Hyperliquid Guide: Disruptive Infrastructure or Overvalued Bubble? Author: @IOSGVC Hyperliquid has become a leading decentralized perpetual coin exchange, accounting for approximately 70% of DEX perpetual coin trading volume and about 13.6% of Binance's monthly perpetual coin trading volume, with monthly revenue of approximately $116 million, most of which has been distributed to users. Hyperliquid's growth is driven by its centralized exchange (CEX)-like trading experience, extensive airdrops, and ecosystem expansion enabled by HyperEVM and HIP proposals. Risks include regulatory pressure, the trade-offs of centralization, limited reinvestment capabilities, and the potential for selling pressure from upcoming token unlocks. Read more